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Alphabet seeing outsized gains and treasury yields are under pressure giving back some of their recent pop, thats weighing on the financials the Kbw Bank Index is down around 3 with 59 minutes left in the session, banks one of the few decliners, sara, broader markets ripping up. We have a great lineup of guests over the next two hours to help make sense of the election, the market and your money. In just a few moments Guggenheims Scott Minerd will join us with his take on the rally and later we will hear from long time pharma exec fred hassan about the impact of the election on health care, those stocks zooming higher, plus kyle bass with a take on what all this means with the u. S. Relationship with china and bob diamond will weigh in on the banks. Lets get straight to the market rally that is happening. Mike santoli tracking all the action. You see a move like thi ....
Earnings. We will speak in the 1 00 hour with the citizens ceo, so make sure everyone tunes and for that. Boeing up as well after its factory will get up and running again. Then theres a few more regional banks doing ever so well. Gilead had been one of the top performers, up 8 . But Morgan Stanley and a couple the 15 houses saying billion Additional Market cap may be just a little exaggerated. We dont know anything about the drug trials yet. Not enough, anyway, but it does look promising for covid19 patients. That is the story and the stock market. The 10 year yield at 60 basis points. New york crude continues to plummet, down at 18. 40 a barrel. The dollar continuing to rise broadly, although we are soft on the day. There you have the u. S. Data check. Guy it is interesting, that gilead study. Very small at the moment. It will be interesting to see what happens in phase ....
Louns lou announced he is stepping down from his ceo role. And scott minerd will tell us why he doesnt think investors should be buying just yet. We have josh here welcome back to you. Interesting dichotomy setting up in the market. The stayathome stocks versus the gooutside pelaton was just hit on power lunch and netflix, zoom, are all outperforming and the goout stocks, the restaurants, the ubers are all getting hit. Theres the pocket of green there. Yeah. Look at live nation they do concerts. Yeah. Theyre thinking people are not going to go out if and when coronavirus comes here in bigger numbers. So the thing with that is that the danger with that is buying into a narrative because the narrative could be popular for two days and then all of a sudden it goes out of favor and people are like what was i thinking why do i own this stock . Because i think people are going to sit home . However, i do own zoom and another name thats been ripping, teledoc this is virtual doctors visits im ....
Day of my political life, i feel like its all been worth it. Politics, Paul Wellstone told us, is about the improvement of peoples lives i know that the work ive been able to do has improved peoples lives. I would do it all over again in a heartbeat. For a decade now, every time i would get tired or skurdiscoura or frustrated, i would think about the people i was doing this for and would get me back up on my feet. I know the same will be true for everyone who decides to pursue a politics that is about improving peoples lives and i hope you know that i will be fighting alongside you every step of the way. With that, mr. President , i yield the floor. Senator al franken calling it the worst day of his political life, says in the coming weeks he will resign as a member of the u. S. Senate after several allegations of inappropriate behavior, allegations he said were simply not true, others he remembers very differently, adding i know ....
[talking over each other] dagen i am dagen mcdowell. Connell i am Connell Mcshane. Dow 14,000 and we found out there were 157,000 new jobs created last month. Just a small desk and twelve Million People looking for work. We have Guggenheims Scott Minerd coming up on speeding up the recovery. Dagen the National Debt and not a worry. Not even in that countrys biggest economic problem. That is a growing chorus in this country among socalled experts but are those stinkers not living in the u. S. But in fantasyland . Connell we will talk about that and Immigration Reform because it has been huge topics this week. If we told you you could save billions of dollars in foreign aid to corrupt governments wi ....